Funding arb · Price arb / RWA

IBIT

RWAAll IBIT markets →

LONGBingX▾BingX +0.0925%

⇄⇅

SHORTGate▾Gate 0.0000%

Backtest 30d

☆

Leg	Exchange	Price	Fund. /8h	Each payment	Next in	OI	Vol 24h	Lev
LONG	BingXNCSKIBIT2USD-USDT	43.410	+0.0925	pay 0.0925% / 8h	7h 39m	$275K	$370K	—	Long BingX
SHORT	GateIBIT_USDT	43.330	0	0.0000% / 8h	7h 39m	$128K	$3K	20x	Short Gate

Price gap−0.184%

Funding gap−0.0925% /8h

Both sides work against this direction now: funding costs $28 a day on $10k and the gap is 0.067% under its 7d average. Swap the legs.

The current funding rate is far below what this pair has been paying: over the last 7 days it paid −0.056% in total, about −0.0027%/8h on average.

Price and funding

Entry / ExitPrice spreadPricesFundingLeg ratesP&L

1m5m15m1h

1h · history

24H3D7D14D30D90D

Entry / Exit?

Price spread?

Prices?

Funding?per 8h

ENTRY / EXIT · 7D

Entry now—

Entry average—

Best entry—

Exit now—

Exit average—

Best exit—

Exit free—

PRICE SPREAD · 7D

Now−0.184%

Average—

Range—

Wider than now—

FUNDING SPREAD · 7D

Average /8h—

Highest—

Lowest—

Paid you—

Where the spread has been, last 7D▾

share of time at each level

Funding on every exchange

/8h

24H3D7D14D30D90D

BingXGate

IBIT on 6 exchanges

lowest funding first

Before you open

1 ok · 4 to watch

• !
  Watch: Thin at this size10.8 / 98.3 bp

  At $10k entering Gate costs 98.3 bp, fee and slippage, 9.1× BingX’s.
• i
  Note: Margin at max leverage— + $500

  BingX —, Gate 20x. Keep about 2× this so a sharp move doesn’t liquidate one leg.
• ✓
  OK: Same payment interval8h / 8h

  Both legs pay at the same time.

  Long BingX · 8h−$27.75

  Short Gate · 8h$0.00

  now+6h+12h+18h+24h

  Next 24h at the current rates, on $10k a leg: −$27.75Long BingX: 3 payments, −$27.75; short Gate: 3 payments, $0.00.
• !
  Watch: Gap narrower than usual−0.184% vs −0.118%

  Less room for the price leg to pay you. If it goes back to average, the short loses.
• !
  Watch: Short leg is thinner$128K vs $275K OI

  Gate sets your exit cost. Check its book before closing.
• i
  Note: No points program—

  Neither exchange runs points right now.
• !
  Watch: KYCBingX Yes · Gate Yes

  Advanced KYC to deposit or trade; unverified accounts can only withdraw, up to 20,000 USDT a day. Rules vary by region.

Profit calculator

both legs, in and out

Position, each leg

$10k$100k$1M

Hold for

1 day7 days30 days

Orders

takermaker

Price spread

to 7d avgclosesnot counted

Funding rate

range avgcurrent

Funding earned−0.0027%/8h × 21 periods−$5.60

Price spread−0.184% → −0.118% (7d avg)−$6.66

Slippage, 4 orderslive order books−$195.58

Fee BingX bp × 2 orders−$10.00

Fee Gate bp × 2 orders−$15.00

Net · 7 days · $10k−$232.84

Costs to cover2.206%Break-evennever at this rate

Slippage: BingX: live order book, 7 min ago; Gate: live order book, 34 min ago

Cost to enter

taker + slippage from mid, one side

Leg½ spr$10k$100k$1M$5M

BUY · LONGBingX3.4810.8 bp−$1118.7 bp−$187541.9 bp−$54.2Kdoesn’t fit

SELL · SHORTGate33.5998.3 bp−$98doesn’t fitdoesn’t fitdoesn’t fit

Closing costs about the same again.

Alert

FundingSpread

Tell me when it goes above%/8hNot more often than everymin

Create alert

FundingPrice spread

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IBIT news

posts that mention IBIT or iShares Bitcoin Trust, from every exchange

Search all news →

11-05 09:22	ApeX Omni	Other	bitcoin:native $80,457, ethereum:native $2,419, both up on the day. US spot bitcoin ETFs took in $74.6M on 4 Nov, ending three sessions and $1.16B of outflows, though IBIT still lost $201M while FBTC added $237M. Around $378M of shorts were liquidated in an hour. Fear and greed is back to 50. @OfficialApeXdex on X ↗
11-03 10:01	ApeX Omni	Other	bitcoin:native $76,532, ethereum:native $2,254. US spot bitcoin ETFs shed $399M on 2 Nov and ether funds $140M, with $IBIT alone $405M out, its worst day since June. Chip stocks led the @Nasdaq lower and the US midterms are today. Fear and greed is 26, down from 51 on Thursday. @OfficialApeXdex on X ↗
10-26 06:49	BingX	Other	#BingXBuzz 🚨 📊 $ZEC ETF extends a 3-day inflow streak, spot $BTC ETFs shed $138M on the same day ⚡ @LidoFinance opens larger Ethereum validators, operators post a separate 32 $ETH bond 🇨🇦 Canada proposes direct stablecoin cash-outs for small holders, fees capped at 1% 🏦 @BlackRock IBIT tops $65B in lifetime inflows, @Grayscale GBTC sits near $28B in outflows @BingXOfficial on X ↗
10-21 06:08	BingX	Other	#BingXBuzz 🚨 📊 Spot $BTC ETFs hit $526.7M in a day, best since Sept. 22, @BlackRock's IBIT did all the buying 🏛️ @Ripple backs the SEC's Regulation Crypto Assets after its $150M legal fight, pushes key changes 🇨🇭 FINMA approves Switzerland's first retail fund holding $BTC directly, diversification rules waived 📈 Dow jumps 1.02% to 52,495.88 on a healthcare rally, Nasdaq flat at 26,424.82 @BingXOfficial on X ↗
10-20 08:13	ApeX Omni	Other	Oil cracked. WTI -4.7% is the biggest move on the tape. bitcoin:native $81,703 -1.3%, ethereum:native $2,395 -1.5%, while $NDAQ added 1.1%. $527M went into spot bitcoin ETFs, the best day since September, with IBIT alone taking $665M. Fear and greed 55. @OfficialApeXdex on X ↗
10-08 10:35	ApeX Omni	Other	Oil did this. WTI +3.8% on an Iran strike report, and crypto wore it. bitcoin:native broke $83,000, bottoming at $82,196. $547M of positions liquidated, and $487M left spot bitcoin ETFs yesterday, IBIT alone losing $208M. Fear and greed 64, from 73 on Tuesday. @OfficialApeXdex on X ↗